Canfor (CFPZF) Projected to Release Earnings on Wednesday

Canfor (OTCMKTS:CFPZF) is expected to release its resultson Wednesday, July 29th. Analysts expect the company to announce earnings of ($0.2422) per share and revenue of $1.0019 billion for the quarter.

Canfor Trading Up 0.2%

Shares of Canfor stock opened at $9.85 on Tuesday. Canfor has a twelve month low of $7.83 and a twelve month high of $11.83. The company has a 50-day simple moving average of $9.72 and a two-hundred day simple moving average of $9.81.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Royal Bank Of Canada cut shares of Canfor to a “sector perform” rating in a report on Thursday, April 16th. Raymond James Financial cut Canfor from a “strong-buy” rating to an “outperform” rating in a research note on Thursday, April 23rd. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

About Canfor

Canfor Corporation is a Canada-based integrated forest products company headquartered in Vancouver, British Columbia. The company’s primary business activities include the manufacturing and distribution of softwood lumber, oriented strand board (OSB), and other wood products used in residential and commercial construction. In addition to its core lumber operations, Canfor produces northern bleached softwood kraft (NBSK) pulp, specialty papers and biofuels through its pulp and paper facilities, providing a vertically integrated offering for customers across multiple end markets.

Canfor operates an extensive network of manufacturing facilities, including lumber mills in British Columbia and Alberta, as well as in the U.S.